Is Lyons, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Lyons has remained a Seller's Market.
Housing Prices in Lyons, IL
How much do homes in Lyons, IL cost?
Median Sold Price
$255,000
$192/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Lyons was $255,000 in June 2024, up 6% from last year, and the median price per square foot was $192.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $89.9K | $113K | +25.7% |
2 Bedrooms | $220K | $168K | -23.6% |
3 Bedrooms | $258.4K | $265K | +2.5% |
4 Bedrooms | $299.9K | $300K | 0.0% |
5+ Bedrooms | $287.5K | $383.5K | +33.4% |
Summary: Lyons housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.7%, 2 bedroom homes decreased by 23.6%, 3 bedroom homes increased by 2.5%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 33.4%.
Median Sold Price Compared To Nearby Cities
Summit | $247.5K | $284.9K | +15.1% |
Riverside Township | $352.5K | $397.5K | +12.8% |
Lyons | $240.5K | $255K | +6.0% |
Riverside | $385K | $384.5K | -0.1% |
Housing Supply in Lyons, IL
How many homes are available in Lyons, IL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
24 | 37 | +54.2% |
Summary: The Lyons real estate market had 37 homes for sale in June 2024, a 54.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 9 | +80.0% |
3 Bedrooms | 9 | 15 | +66.7% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lyons housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 80%, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
6 | 8 | +33.3% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Lyons in June 2024, up by 33.3% month-over-month. Of the 8 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Lyons, IL
How long does it take to sell a home in Lyons, IL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
14 Days | 14 Days | -1.5% |
Summary: Homes in Lyons had an average of 14 days on market in Jun 2024, down by 1.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 8 homes were sold in Lyons; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.